Common use of New Borrowing Base Clause in Contracts

New Borrowing Base. Pursuant to Section 2.08 of the Credit ------------------ Agreement, Agent hereby notifies the Company that Supermajority Lenders have redetermined the Borrowing Base as $225,000,000, effective for the period beginning on and including the date hereof and continuing until but not including the next date as of which the Borrowing Base is redetermined.

New Borrowing Base. Pursuant to Section 2.08 of the Credit ------------------ Agreement, Agent hereby notifies the Company that Supermajority Lenders have redetermined the Borrowing Base as $225,000,000, effective for the period beginning on and including the date hereof and continuing until but not including the next date as of which the Borrowing Base is redetermined.